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Payday Lending - Federal Trade Commission Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out
AMG Services Refunds - Federal Trade Commission The FTC and the Department of Justice (DOJ) are mailing a second round of checks to more than 690,000 people who were overcharged for online payday loans The FTC and DOJ brought civil and criminal lawsuits against Scott Tucker, AMG Services, and other related defendants for making false loan disclosures that did not accurately describe the true cost of their payday loans The defendants told
payday lending | Federal Trade Commission The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission In
FTC Takes Action Against Online Cash Advance App Dave for Deceiving . . . “Whether the products are called cash advances, payday loans, or something else, the FTC will take action to protect consumers from unauthorized charges and deceptive claims ” Dave’s advertising is dominated by claims that consumers can receive “up to $500” by using Dave, and that they can do so “instantly ”
Payday Lenders That Used Tribal Affiliation to Illegally Garnish Wages . . . A South Dakota-based payday lending operation and its owner will pay $967,740 to the U S Treasury as part of a settlement resolving FTC charges that they used unfair and deceptive tactics to collect on payday loans and forced debt-burdened consumers to travel to South Dakota and appear before a tribal court that did not have jurisdiction over
Federal Trade Commission Returns More Than $970,000 To Consumers Harmed . . . The Federal Trade Commission is sending 26,698 checks totaling more than $970,000 to consumers who were harmed by a deceptive payday lending scheme that operated under the names Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending Consumers who receive checks should cash them within 90 days, as indicated on the check
AMG Services, Inc. - Federal Trade Commission The Federal Trade Commission, working jointly with the U S Department of Justice, is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a massive payday lending scheme operated by AMG Services, Inc and Scott A Tucker